Fabrity Holding S.A. (FAB.WA) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+326.4%

PLN 114.27

vs PLN 26.80 price

Levered DCF

PLN 56.96

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

7.44

Safe zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	16.79×	9×	6.84×	2.76×	15.06×	11.1×	-12.3×	12.23×
P/B	2.31×	2.49×	2.4×	1.98×	1.98×	2.06×	1.03×	1.1×
P/S	0.96×	0.87×	1.29×	1.25×	1.39×	0.52×	0.21×	0.26×
EV / EBITDA	8.31×	7.38×	3.66×	1.81×	4.51×	3.58×	5.42×	4.02×
Gross margin	26.2%	9.6%	18.7%	18.1%	18.3%	15.0%	6.6%	9.7%
Operating margin	6.3%	8.9%	9.3%	9.3%	12.1%	8.4%	-1.3%	2.8%
Net margin	5.7%	9.7%	18.8%	45.4%	11.0%	3.9%	-1.7%	2.1%
Current ratio	4.23×	3.51×	4.62×	2.66×	2.04×	1.49×	1.31×	1.41×
Debt / equity	0.05×	0.13×	0.07×	0.13×	0.18×	0.34×	0.69×	0.23×
Interest coverage	16.45×	21.84×	12.14×	27.55×	13.07×	35.45×	-2.83×	10.96×
Dividend yield	13.0%	15.9%	11.1%	29.1%	4.3%	0.0%	5.4%	8.6%
Payout ratio	218.3%	142.6%	76.0%	80.3%	54.2%	0.0%	-66.2%	105.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	13.7%	27.7%	35.1%	71.7%	15.7%	15.4%	-8.3%	8.9%
Return on invested capital	11.6%	16.8%	11.4%	10.3%	9.9%	16.5%	-3.2%	7.3%
Return on assets	10.0%	14.7%	23.3%	39.8%	7.5%	6.5%	-3.0%	4.1%
Free cash flow yield	12.4%	15.2%	4.5%	6.3%	9.5%	25.9%	25.3%	13.4%
Earnings yield	5.9%	11.1%	14.6%	36.3%	7.9%	7.5%	-8.1%	8.1%
Enterprise value	PLN 52.8M	PLN 53.2M	PLN 66M	PLN 58M	PLN 51.6M	PLN 53M	PLN 33.7M	PLN 31.6M
Net debt / EBITDA	-1.81×	-1.63×	-1.25×	-0.28×	-0.43×	-0.05×	1.78×	0.39×
Cash conversion cycle (days)	77	73	82	81	125	60	54	58